Although not many people seemed to notice, Bitcoin was heavily integrated into various aspects of the online gambling industry in 2016.While there have always been bitcoin-specific gambling websites available, 2016 was the year when the traditional online gambling industry stated to adopt the digital cash system en masse.Many online gambling juggernauts, such as and , have implemented Bitcoin as a way to make deposits and withdrawals on their websites, but perhaps more importantly, the used by the online gambling industry are beginning to view Bitcoin as a requirement rather than an option.Additionally, Bodog Founder has predicted that Bitcoin will continue to infiltrate the entire online gambling industry in 2017.Ayre made near the end of 2016 where he made a few predictions for the online gambling industry in 2017.In the post, Ayre was extremely bullish on the adoption of Bitcoin.“Mark my words: Bitcoin is eventually going to eat the whole global online gambling industry and the first courses of this meal are already being digested,” wrote Ayre.

“Quite apart from liberating gambling sites from the anti-competitive dictates of government-imposed payment blocking, the blockchain technology underpinning Bitcoin is rapidly making the role of gaming regulators obsolete.”Ayre went as far as hint that online gambling operators should store some of their capital in bitcoin.“With its finite volume hardwired into the technology, Bitcoin is increasingly viewed as a safe haven more akin to gold than the highly speculative investment it once was, and operators who store their loot on the blockchain will find themselves with extra capital to fuel expansion plans,” wrote Ayre.The has grown rather substantially over the past couple of years.Anyone who has gambled on sports via the Internet will recognize many of the sportsbooks that have now integrated Bitcoin into their payment processes.The also their License Conditions and Codes of Practice to include Bitcoin as an acceptable payment option for licensees.The update included a provision that licensees need to implement procedures to prevent the use of Bitcoin for money laundering purposes via their platforms.Perhaps the most interesting development related to Bitcoin in the online gambling industry is the use of the digital, decentralized payment system for affiliate payouts.

The online gambling affiliate networks are pushing Bitcoin on their referrers due to the difficulties involved with making payments via the traditional banking system.In fact, Bitcoin has become the only payment option for some of the online gambling affiliate networks.and both made Bitcoin the only option for affiliate payouts in 2016, and is in the process of moving to a Bitcoin-only system.bitcoin price diveThese affiliate networks handle the payouts for some of the biggest names in the online gambling industry such as and .In a letter to their affiliates last year, Betting Partners outlined some of the key reasons for making the switch over to Bitcoin.bitcoin preço hojeSome of the features of Bitcoin mentioned in the letter included:Betting Partners also noted that a new Bitcoin address will be required for each payout on both ends.In their own notice on the move to Bitcoin payouts, Winning Poker Network noted, “Bitcoin has fast become the most cost-effective and timely method of processing cash-outs for both players and affiliates.”Other affiliate networks, such as , have not forced their affiliates to accept payments via Bitcoin, but they’ve created strong incentives to make the switch to the P2P digital cash system.ethereum announcement may 19

For example, those who received payouts via Bitcoin within the first few months of Drake Affiliates’s integration of the P2P digital cash system enjoyed a 10 percent bonus when compared to other payment methods.This push for bitcoin from the online gambling industry speaks volumes to how much of a hassle it is for them to use the traditional banking system.tl dr bitcoinThe career options for people who want to earn their living in bitcoin have been steadily growing alongside the digital currency.bitcoin core over torOnce an ambition fit only for black marketeers and the occasional coder, these days all kinds of programmers, entrepreneurs, gamblers, e-commerce store owners, content producers, and even affiliate marketers have been increasingly earning bitcoins instead of the typical fiat paycheck.litecoin mining efficiency

There are many reasons why people would want to earn a bitcoin paycheck.Freedom seekers, technophiles, privacy advocates, and just plain old bitcoin supporters all see earning a bitcoin paycheck as advantageous.Earning bitcoins is now easier than ever, making billing and payments more convenient.bitcoin preis 2011In the world of online affiliate programs, and the affiliates that market them, it's easy to see why bitcoin makes such a great payment channel for affiliate program managers.dogecoin exchange rate chartSending payments to their affiliates in bitcoin is getting really easy, and companies including Bitpay and Bitwage offer complete payroll solutions in bitcoin.ethereum 10000- Steve Sauve, MaxBounty Co-owner Simply using an everyday bitcoin wallet to send affiliates their paychecks would mean that payments get sent out faster than other payment method.

The fees are also extremely competitive, so they can offer affiliates more money than the competition does on similar items.There would be no way for funds to be frozen 'by the bank,' which is a common problem that often arises using legacy systems, including Paypal.Signing up for a Bitcoin wallet is also quick and easy, identity requirements are non-existent, so it's far easier to get affiliates up and running.“Bitcoin payments get to affiliates faster than traditional payment methods like ACH or Wires and have zero fees.MaxBounty wants to provide affiliates with as many competitive advantages as possible to our affiliates, and Bitcoin provides exactly that.” - Sauve Most affiliate programs today, that pay their affiliates in bitcoin, are naturally bitcoin-related services themselves.There are many websites that are packed full of links and descriptions to affiliate programs that pay in bitcoin, and you'll quickly notice that most are for programs in the bitcoin services world, such as wallets, bitcoin lenders, mixers, and merchant services.

Coinbase, who runs one of the best known and widely used referral programs, now pays the equivalent of $25 USD to anyone that sends them a customer who buys at least $100 worth of bitcoins.This amount is up from a year ago, when they only offered $10 for the same customer, so it would seem these affiliate-driven users turn into profitable customers for Coinbase.There are a surprising number of affiliate programs for bitcoin-related services already, especially considering that it is only a six-year-old industry.Perhaps this is a testament to how well-adapted bitcoin is for this specific use.Niche programs for Web hosting, precious metals dealers, a vast array of gambling, pornography, and even wineries are all running affiliate programs that pay in bitcoin now.Over the past year a popular pay-for-performance affiliate network with many types of products, MaxBounty, has been paying out bitcoin payments to its users too.MaxBounty is a pay-for-performance affiliate and advertising network, also called a Cost Per Action (CPA) network.

They specialize in the types of ads that pay affiliates only when a web surfer takes some kind of action, including filling out surveys or subscribing to a service.Such networks typically offer the highest levels of earning for any type of affiliate program.“Publishers are paid when the surfers they send complete pre-defined actions on the merchant’s websites, such as signup for a market research panel group, request an insurance quote or book travel.” Co-owner Steve Sauve told BraveNewCoin.“We manage relationships between 16000+ publishers and 200+ merchants.” The type of programs they offer to promote widely vary.According to Sauve, “these publishers deliver search, social, email, contextual and website traffic to 800+ business-to-consumer campaigns owned by the merchants.” People with many different online marketing skillsets are likely to find work in such a marketplace.Although the number of affiliates accepting their payouts in Bitcoin is not a large percentage of the whole, it's already an encouraging number, one year into the program.